Walrus ($WAL ) is trading at $0.1041, nearing its psychological "zero line" support of $0.100. The token has been hit hard by the broad exit from high-beta altcoins, yet the network’s utility as the "memory layer" of the Sui ecosystem continues to expand. The recent technical breakthrough achieving millisecond-level response times for decentralized storage puts it on par with centralized cloud providers.
The Binance CreatorPad campaign (running until Feb 6) has provided a temporary liquidity buffer, but the wind-down of these incentives often leads to short-term volatility. Technically, an RSI of 28.1 suggests that the selling is statistically exhausted. We are watching for a "double bottom" formation on the 4H chart to confirm a trend reversal.
The long-term bull case for $WAL rests on its deflationary burn mechanism. As more data-heavy projects (AI agents, media platforms) store "blobs" on the network, the supply of $WAL is reduced. With the Sui ecosystem showing resilience despite the crash, Walrus remains the indispensable storage rail for the next generation of Web3 apps. #walrus @Walrus 🦭/acc